Start your day off right with five things you need to know this morning.
Five things you need to know
Prime Minister Mark Carney has announced that Toronto will host a "Canada Investment Summit" in September that will target $1 trillion of investment in the country over the next five years. A press release issued by the Prime Minister's Office this morning added: "Over five years, the government’s capital investments and incentives in support of third parties, totalling about $280 billion, are expected to enable more than $1 trillion in total investment from public, private, and institutional partners."
PM Carney announces new summit in Toronto aimed at driving $1 trillion in investment https://t.co/MzeEyXHnvu
— CTV News (@CTVNews) April 17, 2026
Confidence among energy firms that a new oil pipeline from Alberta to BC will be selected by the Major Projects Office for speedy approval is waning, according to a survey by ATB Cormark Capital Markets. The survey found that only 49 per cent of respondents – representing 24 energy services firms, 22 exploration and production companies and 17 institutional investors – think it's probable that a new pipeline will be prioritized by Ottawa, down from 52 per cent last year. One executive said: “People are losing faith that the Liberal government will actually fix any of the structural problems they created in the last 10 years."
Industry confidence waning new pipeline will be deemed in national interest: survey https://t.co/7Fu2MeaClP
— BNN Bloomberg (@BNNBloomberg) April 16, 2026
Two of Canada's biggest banks – RBC and Scotiabank – have abandoned carbon emissions targets associated with loans to intensive industries such as oil and gas production. RBC said it will shift its 2030 targets to 2050, citing the "changing and uncertain operating environment," while Scotiabank said it was dumping the goal altogether, explaining there had been "recent changes in the broader economic and policy environment that have impacted global efforts related to climate change mitigation.” According to Bloomberg, there are now no major banks in North America that remain signed up to net zero compacts created in recent years.
Royal Bank of Canada and Bank of Nova Scotia have abandoned plans to reduce the carbon footprint associated with loans to heavy emitters such as oil and gas producers https://t.co/tQlJnH10er
— Bloomberg (@business) April 17, 2026
Mark Carney's government wants to see LNG shipped from the Port of Churchill on Hudson Bay by 2030, according to Manitoba Premier Wab Kinew. The premier said the priority in the race to meet the "very, very aggressive" target is building an LNG pipeline.
Ottawa wants LNG to be shipped from Port of Churchill by 2030, Manitoba Premier says https://t.co/FsXmp4eXCo
— The Globe and Mail (@globeandmail) April 17, 2026
Doug Ford's got some new wings: the Province of Ontario has bought a private jet for $28.9 million. The Province said the 2016 Bombardier Challenger 650 was necessary, explaining: “As part of the job of being Premier of Ontario, there is extensive travel within Ontario, a province twice the landmass of Texas."
NEW: The Ontario government has purchased a used $28.9 million private jet for the use of Premier Doug Ford, the @TorontoStar has learned. The 2016 Bombardier Challenger 650 was delivered this week. https://t.co/3YTaafkt4M
— Robert Benzie (@robertbenzie) April 17, 2026
